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At Magna, you can expect an engaging and dynamic environment where you can help to develop industry-leading automotive technologies. We invest in our employees, providing them with the support and resources they need to succeed. As a member of our global team, you can expect exciting, varied responsibilities as well as a wide range of development prospects. Because we believe that your career path should be as unique as you are.
Transforming mobility. Making automotive technology that is smarter, cleaner, safer and lighter. That’s what we’re passionate about at Magna Powertrain, and we do it by creating world-class powertrain systems. We are a premier supplier for the global automotive industry with full capabilities in design, development, testing and manufacturing of complex powertrain systems. Our name stands for quality, environmental consciousness, and safety. Innovation is what drives us and we drive innovation. Dream big and create the future of mobility at Magna Powertrain.
Position Overview:
This role will assist the Magna Powertrain global finance team with business planning, forecasting, and tracking of actual financial performance.
Key Responsibilities:
Responsible for monthly consolidation reports and ensure all the information reflected in OneStream (OS) accurately.- Maintain OS journal entries and load top level adjustments into OS.
- Participate monthly result review with divisions, and follow-up with divisions ensure data integrity in the financial reporting system (OS).
- Prepare monthly and quarterly internal and external reports requested by MPT.
- Perform balance sheet review monthly/quarterly to understand major fluctuations.
- Support/train divisions’ personnel and effectively communicate with divisions for the questions and queries related to the reporting and OS.
- Involve in annual review of divisions’ Controller Model File (CMF) to ensure compliance with Magna policies and accounting practices.
- Update/standardize reporting templates regularly to ensure all the reports are captured the latest information/requests from MPT and Magna.
- Monitor actual costs to ensure the costs within the budget/forecast, and be able to explain the improvement/deterioration at high level.
- Develop standardized budget/forecast templates for operation divisions which will be used to quantify improvement/deterioration of the business over the business planning horizon at a relevant level (e.g. understand the annual impact on contribution margin of volume, givebacks/quick savings, material cost improvement/deterioration, annual labour cost increases etc.)
Ensure that BP/FCST templates fulfil reporting requirements [anticipate/incorporate required inputs to minimize/eliminate additional requests of divisions]; and
Ensure that base data in business plan is defined at a level that is relevant to tracking of actual results in OS.
- Participate in business plan and forecast reviews with divisions and MPT.
Involvement in preparation of budget and forecast presentations for MPT and Magna.
- Follow Magna’s Code of Conduct and Ethics and related compliance policies.
Additional duties and responsibilities as assigned.
Preferred Qualifications:
CPA designation (CGA, CMA, or CA) or equivalent- 3-5 years’ experience in a global consolidation environment at a manufacturer
- Knowledge of US GAAP
- Consolidation & reporting experience in OneStream (OS)
- Strong financial & data analysis skills
- Strong computer application skills (MS Excel and MS PowerPoint)
- Good verbal and written communication skills combined with interpersonal skills
- Ability to travel domestically and internationally, approximately 5% of the time
Accommodations for disabilities in relation to the job selection process are available upon request.
At Magna, we believe that a diverse workforce is critical to our success. That’s why we are proud to be an equal opportunity employer. We hire on the basis of experience and qualifications, and in consideration of job requirements, regardless of, in particular, color, ancestry, religion, gender, origin, sexual orientation, age, citizenship, marital status, disability or gender identity. Magna takes the privacy of your personal information seriously. We discourage you from sending applications via email or traditional mail to comply with GDPR requirements and your local Data Privacy Law.
AI-Assisted Screening Disclosure
As part of our commitment to a fair, consistent, and efficient recruitment process, we may use artificial intelligence (AI) tools to assist in the initial screening of applications submitted through our Workday system. These tools help identify qualifications and experience that align with the role requirements. Please note that AI is used solely to support our recruiters. Final decisions are always made by the hiring manager and the hiring team. Importantly, no applicant data is shared externally through these AI tools. All information remains securely within our systems and is handled in accordance with our privacy and data protection policies.
Under conditions defined by applicable law, you may have the right to request an explanation of how AI is used to support decision-making.
If you have any questions or concerns about this process, feel free to contact our Talent Attraction team.
Regular / Permanent
Magna Powertrain
